Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Production / Operations

Nicola Mining and Lower Nicola Site Services Complete Gravel Pit Expansion and Full Completion of Cement Ready Mix Plant

By The Northwire Desk — AI Analysis Sep 29, 2025 · 09:01 NIM · 1.06 Nicola Mining Inc.
NIM · Price

Executive Summary

  • Nicola Mining Inc. completed a long‑term expansion of its wholly‑owned gravel pit (Permit G1519) and finished construction of a cement ready‑mix plant.
  • The company received two key permits: a Notice of Departure authorizing extraction of up to 3 Mt of rock at ~1,500 t/day for the New Craigmont Project, and an extension of the gravel pit mine life plus a right‑of‑way permit for highway works.
  • These approvals enable Nicola to supply gravel and cement to major contracts, including Teck Resources’ $2.5 bn Highland Valley Copper expansion, as well as provincial transportation projects, positioning the firm for decades of operational revenue.

Key Details

  • Permit G1519 Expansion: Completed construction of a cement ready‑mix plant and underground culvert to move aggregate across a provincial highway.
  • Notice of Departure (NoD) – New Craigmont Project: Allows extraction of up to 3 Mt of inert rock at an estimated production rate of ≈1,500 t/day.
  • Right‑of‑Way Permit (File No. 2024‑05539): Granted on September 5 2025, extending the gravel pit’s life and permitting works within a provincial highway corridor.
  • Contractual Impact: LNSS secured supply contracts for gravel and cement to support Teck Resources’ Highland Valley Copper expansion and various Ministry of Transportation projects, providing a long‑term revenue stream.
  • Strategic Significance: While not the core gold‑focused revenue driver, the quarry, gravel pit, and ready‑mix plant are expected to bolster overall cash flow and strengthen relationships with First Nations and local communities.
  • Qualified Person: Technical disclosure reviewed by Will Whitty, P.Geo., VP Exploration (NI 43‑101).

Notable Quotes

“Though Nicola continues to solidify itself as a regional milling partner and operator of the Dominion Gold Project… we highlight an emphasis on operational revenues as the fuel of expansion. These operations are a catalyst to work closely with First Nations, local communities, and numerous infrastructure projects.” – Peter Espig, CEO & Director

All boilerplate, forward‑looking statements, and contact information have been omitted for brevity.

Read the original news release →

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